South Sudan extends Malaysian Petronas and others’ oil contracts

September 12, 2018 8:17 am

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JUBA: South Sudan extended oil exploration and production agreements for three blocks, the petroleum minister said on Monday, seeking to revamp activity in the sector which ground to a halt after years of civil conflict.

The government said last week it expects to hit peak oil output of 350,000 barrels per day (bpd) by mid-2019 as production ramps up at oilfields that were off line due to the violence.

South Sudan seceded from Sudan in 2011 when output peaked at 350,000 bpd but two years later plunged into civil war.